March 30, 2018 / 9:01 AM / in 5 months

BRIEF-Nippon RAD to issue 850,000 new shares and to distribute 154,310 shares via private placement

March 30(Reuters) - Nippon RAD Inc

* Says it plans to issue 850,000 new shares via private placement to Advantech Co., Ltd., at the price of 1,098 yen per share, to raise 933.3 million yen in total, with payment date on April 27

* Says it will distribute 154,310 shares of its treasury common stock at 1,098 yen per share through private placement to Advantech Corporate Investment Co., Ltd, to raise 169.4 million yen in total, with payment date on April 27

* Proceeds to be used to fund IoT business, M&A and business and capital alliance

Source text in Japanese:goo.gl/cLvEZ3

Further company coverage: (Beijing Headline News)

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